Potato Parcel Shark Tank Update | Potato Parcel Net Worth

Potato Parcel is a gift idea that came to public attention when presented on Season 8 of the popular American television show Shark Tank. The product is, in its most basic form, a potato.

But what makes Potato Parcel extraordinary is the personalized message inscribed onto the potato skin. Customers can send a potato with a custom message to friends, family, or anyone they’d like anywhere in the world, providing a fun and quirky alternative to traditional greetings or gift cards.

Potato Parcel shipments are anonymous unless the customer discloses their identity, adding an element of surprise. Customers can choose a medium or large-sized potato, on which they can inscribe a message of up to 140 characters.

These messages are hand-written, ensuring a personal touch often lacking in standard greeting cards. Customers can choose to upload a photo or logo to be printed on the potato, offering another level of personalization.

Potato Parcel’s novelty is one of its most appealing features. The simple act of receiving a potato in the mail can bring a smile to the recipient’s face, making it a fantastic choice for anyone who values humor and surprise in their gifts.

Furthermore, customers can customize the message to suit any occasion, whether for birthdays, anniversaries, or simply to say “I miss you.” The adaptability of Potato Parcel and its tongue-in-cheek humor distinguish it from the competition.

The process of ordering a Potato Parcel is easy. The company’s user-friendly website enables customers to create their unique potato gift in a few simple steps, and the potatoes are shipped in secure packaging to ensure they arrive in excellent condition.

The company is also committed to excellent customer service, which has helped it maintain its popularity since its appearance on Shark Tank.

Potato Parcel is a product that embraces the unexpected and delights in the absurd. It’s a great choice for those looking to deliver a unique message in a truly memorable way.

The company’s commitment to quality, customer satisfaction, and the fun and joy inherent in their product make Potato Parcel a standout choice in the gift-giving world.

Company NamePotato Parcel
FounderAlex Craig And Riad Bekhit
BusinessPotatoes With Custom Messages
Investment Seeking$50,000 For 10% equity in Potato Parcel
Final Deal$50,000 For 10% equity in Potato Parcel
SharkKevin O’Leary
Potato Parcel Episode Season 8, Episode 6
Potato Parcel Business StatusIn Business
Potato Parcel WebsiteVisit Website
Potato Parcel Net Worth$1.75 Million

What Is Potato Parcel?

Potato Parcel is a company that allows you to send personalized messages or images on a potato. It’s a unique way to send someone a fun and memorable gift. 

Potato Parcel is a gifting service that lets you send and write personalized messages on uncooked potatoes via the US Postal Service, just like postcards.

Potato Parcel offers a service where you can customize a message or image to be printed or engraved on a real potato.

You can choose from different font styles and colors to create a personalized design. The company then sends the potato to the recipient with your customized message.

Potato Parcel Shark Tank Update | Potato Parcel Net Worth

It’s a fun and unconventional way to send a gift or a message for various occasions such as birthdays, anniversaries, graduations, or just to bring a smile to someone’s face. Potato Parcel has gained popularity for its novelty and surprise factor.

In addition to sending personalized potatoes, Potato Parcel offers other unique potato-related products, such as potato greeting cards, keychains, and socks. These items can also be customized with messages or images.

The company has been featured in various media outlets and has gained a following for its quirky and humorous approach to gift-giving.

Who Is The Founder Of Potato Parcel?

Riad Bekhit, a dynamic entrepreneur with a flair for unconventional business ideas, founded Potato Parcel. Before embarking on his potato journey, Bekhit had worked in various tech startups in the San Francisco Bay Area, where he honed his business acumen and developed an eye for unique opportunities.

The idea for Potato Parcel originated when Bekhit came across a Reddit post about a person in Australia who was mailing potatoes with messages on them as a gag.

The idea amused him, and he saw potential in it, recognizing that it could be a fun, novel way to send messages.

Consequently, he purchased the original idea for $42,000 from a person in Australia, intending to turn this quirky concept into a fully-fledged business in the United States.

Riad Bekhit is also a key part of the Potato Parcel story. He was a customer who was so impressed with the idea that he approached Craig about buying the company.

Bekhit, who had a background in e-commerce and was looking for a unique business opportunity, saw tremendous potential in Potato Parcel.

In late 2015, he bought the company from Craig for $42,000. Under Bekhit’s leadership, the company expanded its offerings, increased its marketing efforts, and continued to grow.

Before appearing on Shark Tank, Bekhit worked tirelessly to establish and grow Potato Parcel. He began by creating a simple website where customers could order personalized potatoes.

His marketing strategy largely consisted of harnessing the power of social media and relying on the novelty of his product to generate organic interest and word-of-mouth publicity.

His efforts paid off: Potato Parcel quickly gained popularity, particularly among those looking for a fun, unusual gift or novelty item. In the year leading up to his Shark Tank appearance, Bekhit’s company reportedly earned revenues close to $200,000.

While Potato Parcel might seem like a joke to some, Bekhit’s approach to his business was anything but. His dedication to customer service, commitment to delivering a quality product, and clever use of social media marketing allowed him to turn a quirky idea into a profitable venture.

His appearance on Shark Tank in Season 8 only helped to elevate the profile of Potato Parcel, introducing it to an even wider audience and setting the stage for the company’s future growth and success.

How Was The Shark Tank Pitch Of Potato Parcel?

When Alex Craig and Riad Bekhit appeared on Season 8 of Shark Tank in 2016, they sought an investment of $50,000 in exchange for a 10% stake in Potato Parcel, valuing the company at $500,000.

They presented their unique concept to the sharks, explaining how they mail potatoes with personalized messages on them. They emphasized the novelty of the idea and its appeal as a fun, quirky gift item.

As with many unusual products on Shark Tank, the initial reaction of the sharks was mixed. Some were amused, while others were initially skeptical.

The Sharks raised concerns about the product’s long-term viability and questioned whether the novelty would wear off over time. They also doubted whether customers would continue to buy the product after the initial purchase.

However, the founders defended their product with confidence. Their sales figures showed impressive growth and a total revenue of $215,000 within the first 13 months. This proved to the sharks that Potato Parcel was more than a fad.

Despite their initial skepticism, two sharks, Kevin O’Leary and Robert Herjavec, showed interest in the idea.

Kevin, known for his royalty-based deals, offered $50,000 for 10%, but with a royalty of $1 per potato until he recouped $150,000.

On the other hand, Robert offered $50,000 for 25% of the business, seeing potential in the product’s novelty and the company’s impressive sales figures.

Ultimately, Craig and Bekhit accepted Kevin O’Leary’s offer, impressed by his marketing prowess and believing his involvement could help Potato Parcel reach a larger audience.

Despite the unusual nature of the product, the founders’ successful pitch and the business’s strong performance convinced one of the sharks to invest, demonstrating that even the most unconventional ideas can become profitable businesses.

Final Deal: Kevin O’Leary agreed to invest $50,000 for a 10% stake in Potato Parcel.

Did Potato Parcel Get a Deal on Shark Tank?

Yes, Potato Parcel did get a deal on Shark Tank. The founders, Alex Craig, and Riad Bekhit, came to the show seeking $50,000 for a 10% equity stake in their business. 

They successfully pitched their unique business of delivering customized messages written on potatoes, which had already made $215,000 in sales at that point.

Despite initial skepticism from the Sharks, Kevin O’Leary, also known as Mr. Wonderful, was intrigued by the business. He offered the entrepreneurs exactly what they asked for – $50,000 for 10% equity. However, he added a caveat: he would receive a $1 royalty until $150,000 was paid back to him.

Upon consideration, Alex and Riad accepted Kevin’s offer, thus securing a deal on Shark Tank. Following their appearance on the show, Potato Parcel’s popularity soared. The company is now worth an estimated $1 million and has delivered over 70,000 potato parcels.

What Happened To Potato Parcel After Shark Tank?

After their appearance on Shark Tank and successful pitch to Kevin O’Leary, Potato Parcel experienced a significant increase in sales and overall visibility.

The television exposure led to a considerable boost in orders, with the company reportedly selling out its entire stock the night the episode aired. With O’Leary’s investment, the company expanded its operations and product line.

They introduced new options, including Potato Pal, which allows customers to print a face on the potato, and Potato Postcard, which has more space for messages and graphics.

Riad Bekhit, as CEO, steered the company to substantial growth in the years following its Shark Tank appearance. The company continued leveraging social media’s power for marketing, driving further sales and engagement.

The novelty of the product, combined with strategic marketing and the visibility from Shark Tank, helped sustain the company’s momentum.

Potato Parcel Shark Tank Update | Potato Parcel Net Worth

By 2021, Potato Parcel had reportedly shipped over 700,000 potatoes, with revenues over the years amounting to millions of dollars. They had also expanded internationally, delivering potatoes to various countries worldwide.

Potato Parcel’s post-Shark Tank’s success is a testament to the power of innovative, unconventional ideas combined with strategic marketing and a commitment to customer satisfaction.

Despite initial skepticism from some, Potato Parcel has shown that there is indeed a market for novelty gift items, and the company continues to thrive in this niche. Potato Parcel remains a popular and successful business.

Potato Parcel Shark Tank Update

After appearing on Shark Tank, Potato Parcel experienced significant success and growth. The company, which takes ordinary potatoes and inscribes them with personalized greetings, messages, or images, continued to thrive and expand its product offerings.

Potato Parcel founders Riad Bekhit and Alex Craig received a mixed reception from the panel of sharks during their pitch.

While some investors questioned the longevity of handwritten potato messages, the founders impressed the sharks with their revenue figures. They had sold 12,000 potato greetings in just 13 months, generating $215,000 in sales.

Ultimately, Mark Cuban, Daymond John, and Lori Greiner opted out of investing, leaving Robert Herjavec and Kevin O’Leary to make offers.

Herjavec offered $50,000 for 25% equity, while O’Leary proposed the original ask plus a royalty per potato. Bekhit and Craig accepted O’Leary’s offer, which proved to be a successful decision.

After their appearance on Shark Tank, Potato Parcel experienced viral moments and significant sales growth. CNBC reported that the company sold 70,000 potato greetings since the episode aired, surpassing six-figure revenue figures annually.

In 2017, NBA player Dirk Nowitzki’s mention of receiving anonymous potatoes in the mail increased awareness of Potato Parcel. By 2021, the company reached a projected value of $1 million, with over $700,000 in revenue since its Shark Tank debut.

Potato Parcel is still in business and maintains a strong online presence through social media and its website. The company has expanded its product line to include birthday bundles, glitter bombs, cupcake toppers, and “big head” cutouts. 

As for plans, there are no reported diversions from Potato Parcel’s original business plan. The company continues focusing on its unique personalized potato messaging concept while expanding its product range.

Current sales and revenue projections for 2023 are not readily available, but by 2018, the company had grown to seven employees and sold at least 70,000 potatoes.

The story of Potato Parcel serves as a reminder to pursue dreams despite obstacles and doubt. Alex Craig, the original “idea man,” emphasized the importance of overcoming fear and doubt to achieve something significant on a large scale.

Is Potato Parcel Still In Business?

Our research shows that Potato Parcel is still in business. Since its appearance on “Shark Tank” in 2016, the company has continued to thrive and expand its offerings.

According to reports, Potato Parcel has accumulated a net worth of $1.75 million and has been described as “the best pitch for the worst product” by Kevin O’Leary, one of the investors from the show.

Potato Parcel allows customers to send messages written on potatoes, either anonymously or not. The messages can say anything except for “hateful, harmful, or threatening messages.”

After placing an order, the potato with the message arrives at the intended recipient within 48 hours. The company offers various options such as photo messages, glitter bombs, gift bundles, potato squishy toys, cards, socks, and even video messages.

In addition to its product offerings, Potato Parcel takes an economical and environmentally friendly approach. The company donates one potato to local food banks for every potato sold.

They also encourage customers to plant their potatoes and share videos of it on social media. Furthermore, Potato Parcel has expanded its shipping capabilities to include Canada, Europe, the United Kingdom, and Australia.

The company is actively seeking international “Ambassadors” who can own and operate their own Potato Parcel business in different parts of the world.

Overall, Potato Parcel has succeeded after “Shark Tank” and continues to grow and innovate in its unique niche market.

What Is the Net Worth of Potato Parcel?

According to our research, the net worth of Potato Parcel is estimated to be $1.75 million. The valuation of Potato Parcel was $500,000 after securing an investment from Kevin O’Leary on Shark Tank.